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US firm to buy Radio Twist

US investment company iEurope will become the owner of a 78 percent stake in the Slovak Radio Twist.

Radio license council RVR issued a preliminary approval of iEurope's purchase on October 21.

The US firm plans to invest Sk400 million (€9.5 million) in the station.

iEurope wants to build a regional radio network by investing in central European radio stations in the Czech Republic, Slovakia, Austria, Hungary, Slovenia, Croatia, and Romania, the head of Radio Twist, Andy Hryc, confirmed.

According to a survey recently carried out by the Median research agency, Radio Twist was Slovakia's fifth most popular station, with a market share of 5 percent.

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